NEW YORK, Aug. 12, 2025 (GLOBE NEWSWIRE) -- Critical Metals Corp. (Nasdaq: CRML) (“Critical Metals Corp” or the “Company”), a leading critical minerals mining company, today announced the appointment of Mathias Barfod as the Company’s President of Greenland Operations, a newly formed role. He will report directly to Tony Sage, the CEO and Executive Chairman of Critical Metals Corp. Mr. Barfod is based in Greenland and has more than a decade of experience within the mineral resource sector in Greenland. As P ...

Core Insights - Critical Metals Corp has announced significant historical drilling results from the Tanbreez Project, confirming high-grade rare earth elements (REE) and positioning the company as a potential leading supplier in the western world [1][2][24] Group 1: Project Overview - The Tanbreez Project is one of the largest rare earth deposits globally, located in Southern Greenland, with a notable high concentration of heavy rare earth elements (HREEs) [24][25] - The project is characterized by low levels of uranium and thorium, enhancing its environmental and political viability [24] - The Kakortokite deposit is estimated to contain approximately 4.7 billion tonnes of REE-bearing mineralization, with about 27% of total rare earth oxides (TREO) being heavy REE [24] Group 2: Drilling Results - Historical deep diamond drill holes DX-01 and D7-14 have confirmed high-grade mineralization, with average TREO grades of 0.42% and 0.43% respectively, including significant HREE content [4][14] - Drill hole DX-01 reached a depth of 338 meters, while D7-14 was drilled to 243 meters, both intersecting substantial mineralization [3][17] - The average mineralization across the three drill holes (DX-01, D7-14, and A1-24) is consistent at approximately 0.43% TREO [18] Group 3: Strategic Developments - Critical Metals Corp acquired a 42.5% interest in the Tanbreez Project in 2024, with plans to increase this to 92.5% following a $10 million investment [4] - The company is currently re-assaying historical samples to confirm and reconcile assay results, with findings expected to be published soon [21][22] - A Preliminary Economic Assessment (PEA) is underway, expected to be completed in the second quarter of 2025, evaluating the economic potential of the Tanbreez Project [23] Group 4: Future Prospects - The company is positioned to become a reliable supplier of critical minerals essential for defense applications and clean energy transition, leveraging its strategic asset portfolio [27] - The Tanbreez Project is expected to benefit from improved transportation access due to a new international airport opening nearby [24][25]